Dongfang Electric Corporation (1072) Q1 2026 earnings summary

Executive summary

• Total operating income for Q1 2026 reached RMB17.47 billion, up 5.57% year-over-year, with net profit attributable to shareholders rising 37.41% to RMB1.59 billion.

• Gross profit margin improved by 0.45 percentage points year-over-year, and gross profit increased by RMB243 million.

• Significant gains from changes in fair value, mainly due to increased market value of equity holdings, contributed RMB325 million to profit.

• New effective orders in Q1 2026 totaled RMB36.64 billion, with 70% from energy equipment manufacturing.

Financial highlights

• Net profit attributable to shareholders: RMB1.59 billion, up 37.41% year-over-year.

• Total operating income: RMB17.47 billion, up 5.57% year-over-year.

• Basic and diluted EPS: RMB0.46, up 24.32% year-over-year.

• Net cash flow from operating activities: RMB-2.70 billion, improved by RMB595 million year-over-year.

• Total assets at period end: RMB163.12 billion, up 0.28% from year-end 2025.

Outlook and guidance

• The company reported strong order intake, with new effective orders of RMB36.64 billion in Q1 2026, indicating robust demand in core segments.